DBAG Expansion Capital Fund managed by Deutsche Beteiligungs AG (DB:DBAN) agreed to acquire 51% stake in Sjølund A/S from Chief Executive Officer of Sjølund, Søren Ravn Jensen at the end of December 2017. Deutsche Beteiligungs will provide up to €4.5 million from its balance sheet for its co-investment; in the future, it will account for approximately 21% of the shares in Sjølund. After the transaction Søren Ravn Jensen and other management members will hold remaining 49% stake in Sjølund. Nykredit provided debt for the transaction. Sjølund had revenues of €60 million in 2017. Søren Ravn Jensen will remain as Chief Executive Officer of Sjølund. Transaction is expected to complete in January 2018. Holger H. Ebersberger, Nicole Kaps, Franziska Nebolieff, Bernd Egbers, Carsten Endres, Michael Sheng, Daniel Öhvall, Derek Wang, Ken Tang, Mirror Zhou, Yuebo Hu and Judy Zhou of Ashurst, Danders & More and George Simon of Loyens & Loeff acted as the legal advisors for Sjølund. Arne Riis, Jacob Nygaard, Poul Erik Lytken, John Emil Lyngfeldt Svenson and Jonas Bang of Accura acted as legal advisors to Deutsche Beteiligungs. Jimmi Jahn Kraglund and Matthias Magnus of Cubus Partners acted as the debt advisors on the deal. Jesper Aabenhus Rasmussen of Kromann Reumert acted as the legal advisor, Peter Gröninger of PwC acted as the accountant, Gerald Thomas of Taxess acted as the tax advisor for Nykredit. Michael R. Skovgaard of Andersen Partners acted as the legal advisor, Anders W. Eriknauer of Nordic M&A acted as the financial advisor, Sarah Hagenkötter of Marsh acted as the risk & insurance due diligence provider, Werner Schulte of ERM acted as the environmental due diligence provider and Ralph Büchele of Roland Berger acted as the commercial due diligence provider for Søren Ravn Jensen. Anders Eriknauer, Peter Rønde Jakobsen, Kasper Deleuran, Albert Schander of Clairfield Denmark as its financial advisors.